(1)___________________________________________________________________
WRITTEN NOTICE
CORE UK GROUP PERMISSION
___________________________________________________________________
To: The Royal Bank of Scotland plc;
National Westminster Bank plc;
Adam & Company plc;
Coutts & Company; and
Ulster Bank Limited
(each a “firm” and collectively the “firms”)
Reference Number: 1847225; 1882274; 1882275; 1882285; 1882296
Date: 26 November 2014
ACTION
(1) In accordance with Article 113(6) of Regulation 575/2013 of the European Parliament and of the
Council of 26th June 2013 on prudential requirements for credit institutions and investment firms
(the “CRR”), the Prudential Regulation Authority (“the PRA”) has decided to grant the firm
permission not to apply the requirements of Article 113(1) CRR to exposures to the counterparties
listed in the Annex to this written notice. This permission does not apply to exposures giving rise
to Common Equity Tier 1, Additional Tier 1 or Tier 2 items.
(2) In the event that the conditions for grant of this Core UK Group Permission set out in Article
113(6) of the CRR cease to be met, the PRA may vary the terms and conditions of the Core UK
Group Permission or revoke the Core UK Group Permission in whole or in part.
Effect
(3) This permission takes effect on 26 November 2014 and expires on 30 June 2016.
(4) This permission supersedes and replaces previous permissions with permission numbers
1786220, 1786222, 1786228, 1786225 and 1786224.
Decision-Maker
(5) The decision which gave rise to the obligation to give this Notice was made by Rebecca Jackson,
Head of Department Major UK Banks.
Publication
(2)PRA contacts
(7) For more information concerning this matter generally, the firm should contact its usual
supervisory contact.
Kirsty Dingwall
Authorisations
(3)ANNEX
Counterparties
1
ADAM & CO PLC
2
ADAM & COMPANY GROUP PUBLIC LIMITED COMPANY
3
ADAM AND COMPANY INVESTMENT MANAGEMENT LIMITED
4
CARE HOMES 1 LIMITED
5
CARE HOMES 2 LIMITED
6
CARE HOMES 3 LIMITED
7
CARE HOMES HOLDINGS LIMITED
8
CHURCHILL MANAGEMENT LIMITED
9
CNW GROUP LIMITED
10
CNW SECURITIES JAPAN (HOLDINGS) LIMITED
11
COUTTS & CO
12
COUTTS FINANCE CO
13
DESERTLANDS ENTERTAINMENT LIMITED
14
DISTANT PLANET PRODUCTIONS LIMITED
15
EURO SALES FINANCE PLC
16
GL TRAINS LIMITED
17
HELENA PRODUCTIONS LIMITED
18
LECKHAMPTON FINANCE LIMITED
19
LOMBARD & ULSTER LIMITED
20
LOMBARD BUSINESS FINANCE LIMITED
21
LOMBARD BUSINESS LEASING LIMITED
22
LOMBARD CHARTERHIRE LIMITED
23
LOMBARD CORPORATE FINANCE (1) LIMITED
24
LOMBARD CORPORATE FINANCE (10) LIMITED
25
LOMBARD CORPORATE FINANCE (11) LIMITED
26
LOMBARD CORPORATE FINANCE (13) LIMITED
27
LOMBARD CORPORATE FINANCE (14) LIMITED
28
LOMBARD CORPORATE FINANCE (15) LIMITED
29
LOMBARD CORPORATE FINANCE (3) LIMITED
30
LOMBARD CORPORATE FINANCE (5) LIMITED
31
LOMBARD CORPORATE FINANCE (6) LIMITED
32
LOMBARD CORPORATE FINANCE (7) LIMITED
33
LOMBARD CORPORATE FINANCE (DECEMBER 1) LIMITED
34
LOMBARD CORPORATE FINANCE (DECEMBER 2) LIMITED
35
LOMBARD CORPORATE FINANCE (DECEMBER 3) LIMITED
36
LOMBARD CORPORATE FINANCE (JUNE 2) LIMITED
37
LOMBARD CORPORATE FINANCE (MARCH 1) LIMITED
38
LOMBARD CORPORATE FINANCE (SEPTEMBER 1) LIMITED
39
LOMBARD DISCOUNT LIMITED
(4)41
LOMBARD FINANCE LIMITED
42
LOMBARD HOME LOANS LIMITED
43
LOMBARD INITIAL LEASING LIMITED
44
LOMBARD LEASING CONTRACTS LIMITED
45
LOMBARD LESSORS LTD
46
LOMBARD MARITIME LIMITED
47
LOMBARD NORTH CENTRAL LEASING LIMITED
48
LOMBARD NORTH CENTRAL PLC
49
LOMBARD PROPERTY FACILITIES LIMITED
50
LOMBARD TECHNOLOGY SERVICES LIMITED
51
LOMBARD VEHICLE MANAGEMENT (1) LIMITED
52
LOMBARD VEHICLE MANAGEMENT (2) LIMITED
53
LOMBARD VEHICLE MANAGEMENT (3) LIMITED
54
LOMBARD VEHICLE MANAGEMENT LIMITED
55
LOMBARD VENTURE FINANCE LIMITED
56
NANNY MCPHEE PRODUCTIONS LIMITED
57
NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
58
NATIONAL WESTMINSTER HOME LOANS LIMITED
59
NATWEST CAPITAL FINANCE LIMITED
60
NATWEST CORPORATE INVESTMENTS
61
NATWEST LEASE MANAGEMENT LTD
62
NATWEST LEASING & ASSET FINANCE LIMITED
63
NATWEST MACHINERY LEASING LIMITED
64
NATWEST PROPERTY INVESTMENTS LTD
65
NATWEST SPECIALISED PROPERTY INVESTMENTS LIMITED
66
NATWEST VENTURES INVESTMENTS LTD
67
P OF A PRODUCTIONS LIMITED
68
PATALEX II PRODUCTIONS LIMITED
69
PATALEX III PRODUCTIONS LIMITED
70
PATALEX IV PRODUCTIONS LIMITED
71
PATALEX PRODUCTIONS LIMITED
72
PATALEX V PRODUCTIONS LIMITED
73
PITTVILLE LEASING LIMITED
74
PREMIER AUDIT COMPANY LIMITED
75
PRICE PRODUCTIONS LIMITED
76
PRIMEMODERN LIMITED
77
RB ASSET VALUE LIMITED
78
RB CAPITAL LEASING LIMITED
79
RB EQUIPMENT LEASING LIMITED
80
RB INVESTMENT HOLDINGS LIMITED
81
RB INVESTMENTS 1 LIMITED
82
RB INVESTMENTS 3 LIMITED
83
RB INVESTMENTS 5 LIMITED
(5)85
RB LEASING (BLUEWATER) LIMITED
86
RB LEASING (DECEMBER) LIMITED
87
RB LEASING (EDEN) LIMITED
88
RB LEASING (MARCH) LIMITED
89
RB LEASING (SEPTEMBER) LIMITED
90
RB LEASING COMPANY LIMITED
91
RB QUADRANGLE LEASING LIMITED
92
RBDC ADMINISTRATOR LIMITED
93
RBDC INVESTMENTS LIMITED
94
RBEF LIMITED
95
RBS ASSET FINANCE EUROPE LIMITED
96
RBS ASSET MANAGEMENT (ACD) LIMITED
97
RBS ASSET MANAGEMENT HOLDINGS
98
RBS ASSET MANAGEMENT LIMITED
99
RBS CI LIMITED
100
RBS INVESTMENT LIMITED
101
RBS INVOICE FINANCE (HOLDINGS) LIMITED
102
RBS INVOICE FINANCE LIMITED
103
RBS MEZZANINE LIMITED
104
RBS SME INVESTMENTS LIMITED
105
RBS SPECIAL INVESTMENTS LIMITED
106
RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (ENGLAND) LIMITED
107
RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (SCOTLAND) II
LIMITED
108
RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (SCOTLAND) LTD
109
RBS SPECIALISED PROPERTY INVESTMENTS LIMITED
110
RBSG COLLECTIVE INVESTMENTS HOLDINGS LIMITED
111
RBSG INTERNATIONAL HOLDINGS LIMITED
112
RBSM CAPITAL LIMITED
113
RBSSAF (10) LIMITED
114
RBSSAF (11) LIMITED
115
RBSSAF (12) LIMITED
116
RBSSAF (13) LIMITED
117
RBSSAF (16) LIMITED
118
RBSSAF (19) LIMITED
119
RBSSAF (2) LIMITED
120
NORTHERN ISLES FERRIES LIMITED
121
RBSSAF (22) LIMITED
122
RBSSAF (23) LIMITED
123
RBSSAF (25) LIMITED
124
RBSSAF (26) LIMITED
125
RBSSAF (3) LIMITED
126
RBSSAF (4) LIMITED
127
RBSSAF (6) LIMITED
128
RBSSAF (7) LIMITED
(6)129
RBSSAF (8) LIMITED
130
ROBOSCOT DEVCAP LIMITED
131
ROBOSCOT EQUITY LIMITED
132
ROBOSCOT VENTURES LIMITED
133
ROYAL BANK ASSET FINANCE LIMITED
134
ROYAL BANK DEVELOPMENT CAPITAL LIMITED
135
ROYAL BANK INVESTMENTS LIMITED
136
ROYAL BANK INVOICE FINANCE LIMITED
137
ROYAL BANK LEASING LIMITED
138
ROYAL BANK OF SCOTLAND (INDUSTRIAL LEASING) LIMITED
139
ROYAL BANK OPERATING LEASING LIMITED
140
ROYAL BANK PROJECT INVESTMENTS LIMITED
141
ROYAL BANK VENTURES INVESTMENTS LIMITED
142
ROYAL BANK VENTURES LIMITED
143
ROYAL SCOT LEASING LIMITED
144
ROYSCOT FINANCIAL SERVICES LIMITED
145
ROYSCOT LARCH LIMITED
146
ROYSCOT TRUST PLC
147
SANDFORD LEASING LIMITED
148
STAR 1 SPECIAL PARTNER LIMITED
149
STYLE FINANCIAL SERVICES LIMITED
150
THE ONE ACCOUNT LIMITED
151
THE ROYAL BANK OF SCOTLAND GROUP PUBLIC LIMITED COMPANY
152
THE ROYAL BANK OF SCOTLAND INVOICE DISCOUNTING LIMITED
153
THE ROYAL BANK OF SCOTLAND PUBLIC LIMITED COMPANY
154
THEOBALD FILM PRODUCTIONS LLP
155
TOTAL CAPITAL FINANCE LIMITED
156
ULSTER BANK COMMERCIAL SERVICES (NI) LTD
157
ULSTER BANK LTD
158
VOYAGER LEASING LIMITED
159
W&G INDUSTRIAL LEASING LIMITED
160
W&G LEASE FINANCE LIMITED
161
WEST REGISTER (INVESTMENTS) LIMITED
162
UB SIG (NI) LTD
163
WEST REGISTER NUMBER 2 LIMITED
164
WILLIAMS & GLYN'S LEASING COMPANY LIMITED
165
WINCHCOMBE FINANCE LIMITED
166
RBS AA HOLDINGS (UK) LTD
167
RBS MANAGEMENT SERVICES (UK) LTD
168
RBS INVESTMENT HOLDINGS (UK) LTD
169
RBOS (UK) LTD
170
RBS CORPORATE FINANCE LTD
171
RBS EQUITIES HOLDINGS (UK) LTD
(7)173
RBS FINANCE (UK) LTD
174
RBS EQUITIES (UK) LTD
175
RBS EQUITY PRODUCTS (UK) LTD
176
RAINGROVE LTD
177
RBS LEASE FINANCE (UK) LTD
178
RBS HG (UK) LTD
179
RBS DEVELOPMENT (UK) LTD
180
RBS OVERSEAS (UK) LTD
181
NATIONAL WESTMINSTER PROPERTIES NO. 1 LIMITED
182
NATWEST (DEANSGATE) INVESTMENTS LIMITED
183
THE ROYAL BANK OF SCOTLAND FINANCE (IRELAND)